Salary information was taken from Doximity’s “2023 Physician Compensation Report,” tracking trends in physician pay nationwide. The minimum cost of living in each state was provided by the Massachusetts Institute of Technology’s Living Wage Calculator. The cost of living is for a single adult with no children before taxes.
1. Charlotte, N.C.
Annual physician salary: $430,890
Cost of living: $36,446
2. St. Louis
Annual physician salary: $426,370
Cost of living: $33,244
3. Oklahoma City
Annual physician salary: $425,096
Cost of living: $32,981
4. San Jose, Calif.
Annual physician salary: $418,600
Cost of living: $54,498
5. Minneapolis
Annual physician salary: $411,677
Cost of living: $36,798
6. Sacramento, Calif.
Annual physician salary: $411,257
Cost of living: $39,641
7. Phoenix
Annual physician salary: $409,185
Cost of living: $38,043
8. Indianapolis
Annual physician salary: $408,199
Cost of living: $33,258
9. Salt Lake City
Annual physician salary: $408,044
Cost of living: $37,038
10. Atlanta
Annual physician salary: $407,863
Cost of living: $39,375
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